Drop from 1.4845 (bearish Dark Cloud) retested the broken channel off 1.3832 and currently pair back in the inverted channel off June low (top at 1.4731 today), with 1.4611 being retested (see graph)
Support area at 1.4578 (today’s low?), with next levels at 1.4526 (current week low), ahead of 1.4515/ .4502 (medium term reaction lows hourly) and 1.4494 (daily envelope bottom).
1.4438/ .4426 = break-up hourly/ daily Uptrendline off March low: ideal area to stay above to keep current medium term mood intact on €.
Resistance at 1.4633/ .4646 (daily envelope top + daily Short Term Moving Average↓/ reaction high hourly), with next levels at 1.4676/ .4680 (broken daily Medium Term Moving Average↑/ reaction high hourly), ahead of 1.4712/ .4721 (weekly Bollinger top/ current week high), where pause favored.
If wrong, next levels at 1.4766 (breakdown hourly), ahead of 1.4803 (reaction high hourly) and 1.4845/ .4867 (last week high + Equality C wave off 1.2457/ Sept 2008 spike): tough on 1st attempts amid bearish divergences.
USD/JPY: (89.70) Retested broken channel top
EUR/GBP: (.9124) Uptrendline off .8769 under threat
EUR/JPY: (131.17) Reapproached broken channel top
